Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Here’s today’s edition. Market moves: Stocks are still higher today but off their highs of the morning. Things that caught our eye include Eli Lilly and Broadcom overtake Tesla in market cap due to today’s selloff in the EV maker. On the regulatory front, the Federal Trade Commission issued orders to Alphabet , Amazon , Microsoft , OpenAI, and Anthropic requiring them to provide information about their investments and partnerships involving generative AI. Tech titan moves higher: There are Super Six stocks down Thursday but Alphabet making a new high. We think we should sell some because these stocks have had such a huge run that has continued into the new year. Next week is the big week of earnings where expectations are going to be high to beat numbers. These tech names are still the stocks we want to be in long-term. China stocks bounce: Elsewhere, our portfolio’s China-focused stocks are making moves. Shares of Wynn Resorts are higher after Las Vegas Sands reported last night and was upbeat about Macao. Estee Lauder rose after LVMH reported its results. Organic revenue beat expectations and Perfumes & Cosmetic sales grew 10% (vs. 9.41% estimates), but Asia excluding Japan missed so it still may be too early to hope a turn. Our automaker Ford is also up after Tesla reported a disappointing earnings print. In a slower EV demand environment, we like Ford’s strong lineup of ICE and hybrid vehicles. On the downside: Looking at what’s down in the portfolio Thursday are a handful of stocks that have had big runs including Costco , Palo Alto , Broadcom and Eli Lilly . Since there’s no specific news on the stock moves, it could be that investors are taking some profits after their big runs. Stay cautious: Jim tossed around the idea of adding another cyclical stock. He made his case for Dow Chemical since Dupont is in the…
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